Technical
Financial
Distress signals
Property profile

607 B St Broken Bow, NE 68822

OFF-MARKET
Warehouses
Property ID
US57-0449573
7,500 SF 0.86 ac lot Built 2010
Individually Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional self-storage portfolio in Broken Bow, Nebraska, presents a compelling investment opportunity. Comprising two properties located at 607 S B St and 603 Cherry Ave, the portfolio boasts a combined 21,430 square feet of net rentable space across 106 units housed within six buildings. Currently operating at 100% occupancy, the portfolio generates a strong net operating income (NOI) of $84,084, representing a 7.01% capitalization rate. A pro-forma NOI of $99,005 projects an even more attractive 8.25% capitalization rate, reflecting significant upside potential. Built in 2010 and 1999, respectively, the properties sit on approximately 0.86 and 0.18 acres of land. The properties are identified by APN numbers 001072300 and 001196800. The asking price for this turnkey investment is $1,200,000. Opportunities exist to increase rental rates given the current high occupancy and to implement additional revenue streams such as tenant insurance and administrative fees. Seller financing options are available, making this an attractive proposition for a wide range of investors.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2010
Total area 7,500 SF
Lot 0.86 ac (37,480 SF)
APN 1072300
UPID US57-0449573

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

607 B St Broken Bow, NE 68822
Broken Bow metro Census 971900
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$285k

Owner & transaction history

since 2009
2 recorded transactions
2009
$23,500
2009
$15,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $785,000 +28.1%
Retail stores $665,000 +8.3%
Industrial (general) $635,000 +3.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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